When Consumption or Production of a Product Has a Harmful

question 78

Multiple Choice

When consumption or production of a product has a harmful side effect that is borne by people not directly involved in the market exchange for that product, the side effect is called a(n)

• A)marginal cost.
• B)indirect cost.
• C)additional cost.
• D)external cost.

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Definitions:

Vascular Cambium

A layer of meristematic tissue in plants that produces vascular tissues, contributing to the thickness growth of stems and roots.

Secondary Xylem

The part of the xylem that is formed after the plant's initial growth, contributing to the thickening of the plant stem.

Primary Phloem

The part of the plant's vascular system that conducts sugars and other metabolic products downward from the leaves.

Cork Cambium

Cork cambium is a layer of meristematic tissue in plants that produces cork cells to protect and waterproof the plant.